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Quotes & Info
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| USCC.OB > SEC Filings for USCC.OB > Form 10-Q on 22-Apr-2009 | All Recent SEC Filings |
22-Apr-2009
Quarterly Report
FORWARD-LOOKING STATEMENTS
This Form 10-Q includes "forward-looking statements" within the meaning of
Section 21E of the Exchange Act. These forward-looking statements are based on
our current goals, plans, expectations, assumptions, estimates and predictions
about the Company. When used in this Form 10-Q, the words "plan", "believes,"
"continues," "expects," "anticipates," "estimates," "intends," "should,"
"would," "could," or "may," and similar expressions are intended to identify
forward looking statements. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the actual
results, events or growths to be materially different from any future results,
events or growths expressed or implied by such forward-looking statements.
Important factors that could cause actual results to differ materially from our
expectations include, but are not limited to, Chinese government policy or rule
changes, market conditions, competition and the ability to successfully complete
financing.
Plan of Operation
The Company was incorporated in the State of Nevada on April 26, 2006. The Company's business will focus in furnishing business services to the small or median sized private companies in the People's Republic of China that want to
look for business partners, or agencies, or financing resources, or to become public listing through IPO or reverse merger in the United States, Canada or Europe.
The Company owned a website:
www.uschinachannel.net
which is published in both Chinese and English.
The Company is in the development stage and will continue to be in the development stage until the Company generates significant revenue from its business operations. To date, the Company has not generated any revenues. Management has raised funds through debt or equity offerings. On March 31, 2009, the Company has cash or shareholder's equity of $ 43,919. Base on the capital size, we only can launch our services on a small scale to reserve cash.
In a development stage company, management devotes most of its activities to develop a market for its business. The ability of the Company to emerge from the development stage with respect to its planned principal business activity is dependent upon its ability to secure market acceptance of its business plan and to generate significant revenue.
There is no guarantee that the Company would be able to complete any of the objectives and attain profitability. These factors raise substantial doubt considering the Company's ability to continue as a going concern.
We may change our business strategy. One consideration is to raise capital and then look for a high growth operating company in China to do reverse merger, which may increase our shareholder value quickly.
In October and November 2008, Andrew Chien visited China twice, and had certain contacts with several Chinese companies, which had USA OTCBB listing intentions. However, these companies still were in the early stages for preparing public listing. We will continue to do the best to find a proper candidate to consider the reverse merger.
Liquidity and Capital resources:
In the three months period ended on March 31, 2009, cash used on operation was $ 1,216 to pay mostly reissue the transfer agency fees, etc. At the end of this period, the Company had $ 43,919 cash deposit.
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